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Strategies & Market Trends : China Warehouse- More Than Crockery -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (5853)	4/30/2006 6:53:33 PM
From: RealMuLan	Read Replies (1) \| Respond to of 6370

LOL, talk about huge ego pub.creaders.net

To: RealMuLan who wrote (5853)	5/2/2006 1:55:11 PM
From: hui zhou	Read Replies (1) \| Respond to of 6370

China Pension Fund more flex than American's. China Sets Rules For Pension Plan On Foreign Funds REUTERS NEWS SERVICE May 2, 2006; Page A9 BEIJING -- Foreign fund managers investing outside China on behalf of the country's $25 billion National Social Security Fund must have at least $5 billion in capital and a credit rating of single-A for the past three years, the fund said. The welfare fund, eager to repair a $100 billion hole in its finances, was approved to begin investing overseas beginning yesterday. A statement on its Web site didn't detail limitations on the size of overseas investment, but state media said recently the welfare fund would invest between $500 million and $800 million in stocks outside mainland China. The fund also aimed to double its investments in domestic stock markets to about 25% to 30% of total assets, the reports said. The steps are the latest in a series to bolster China's shaky pension system. State media reported in March that Beijing would shift some of its billions of dollars of state-held shares to the retirement system's books. China's retirement fund still faces a shortfall -- estimated at $100 billion in mid-2005 -- as the country abolishes its cradle-to-grave social welfare system. The fund has bought a 5% stake in Bank of China for 10 billion yuan ($1.25 billion). It is also expected to put four billion yuan to six billion yuan into domestic fixed-income investments and $100 million to $300 million into fixed-income investments overseas